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Thread: Student Loan Forgiveness 2.0

  1. #1
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    Default Student Loan Forgiveness 2.0

    Biden gives the Supreme Court —and taxpayers — the finger with his latest student-loan bailout.

    When the Supreme Court struck down Joe Biden’s attempt to unilaterally “cancel” (i.e., force taxpayers to absorb) $400 billion in student loans and blasted the president for overstepping his power by trying to circumvent Congress, he listened and, like a serious statesman, acknowledged his authority’s limits and tried to get the legislative branch to pass his agenda, as the Constitution demands.

    Just kidding.

    Congress, which has the “power of the purse,” has repeatedly rejected Biden’s plans to force taxpayers to eat the loss for millions of Americans’ student loans.

    But instead of taking “No” for an answer, the president — who, recall, was supposed to put the “grown-ups back in charge” and restore “rule of law” — just keeps trying to cancel the debt anyway, first through a backdoor giveaway vastly expanding income-based repayment systems and now through another sweeping forgiveness proposal.

    Under Biden’s latest scheme, announced Monday, roughly 25 million more Americans will see student-loan windfalls, including the “cancellation” of interest owed for households earning as much as $240,000 a year, cancellation for anyone who’s had student loans for a long time and a number of other targeted relief efforts.

    “President Biden from Day One has worked to fix the student loan system and make sure higher education is a ticket to the middle class — not a barrier to opportunity — because he knows that debt cancellation not only benefits borrowers, it benefits the entire economy,” the liars at the White House stated.

    https://www.msn.com/en-us/news/opini...e0d18d36&ei=15

  2. #2
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    You can't cancel debt. Someone bears the burden of it. In this case Biden wants to reassign the debt to the taxpayers. It just gets added to the 35 trillion we are already in debt for. But hey, Biden will be dead and gone long before we eventually start paying down the national debt.

  3. #3
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    It is a total vote buying exercise. They know the courts will cancel this one as well. It doesn't matter because the election will be gone by the time it gets to the courts. They will tell the kido's sorry those evil republicans will not let me "forgive" your debt.
    Yup, he's crazy...


    like a fox. The dude may be coming in a little too hard and crazy but 90% of everything he says is correct.

    Sort of like Toof. But way smarter.
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  4. #4
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    always right before the elections

  5. #5
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    Fjb


    If a man is alone in the woods, says something, and a woman does not hear, is he still wrong?

    Bipartisan usually means that a larger-than-usual deception is being carried out. —George Carlin

    Common sense is not a gift. It's a punishment because you have to deal with everyone else who doesn't have it.

  6. #6
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    I heard this morning a dollar amount of 7.6 billion in student loans to be forgiven.

    Question - If Congress won't fund it, where's the money coming from?

  7. #7
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    You and me and everybody that pays taxs!!!!! It falls back to the taxpayer.
    Gettin old is for pussies! AND MY NEW TRUE people say like Capt. Tom >>>>>>>>>/
    "Wow, often imitated but never duplicated. No one can do it like the master. My hat is off to you DRDUCK!"

  8. #8
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    yeah, you spelled "more vote buying" wrong in the thread title

    fjb

  9. #9
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    Love how he has the power to overturn the SCOTUS decision, yet he is powerless on the border.

  10. #10
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    If congress does fund it…the money comes from us. No matter how you slice it…if the people that borrowed the money don’t pay off their loans, we foot the bill. Well, the schools could pay for it since they are the ones that overcharged for worthless degrees, but don’t hold your breath on that one.

    This is no different than when my high school friend’s dad helped them finance a Yugo; it was a stupid and costly move that taught my bud valuable lessons about financing something you can’t afford to pay cash for and overpaying for worthless shit.
    It’s painful, and it sucks, but these people will be far better off in the long run if they have to pay back the loan they made in full and with Interest. Bailing them out is doing them zero favors.
    “I can’t wait ‘till I’m grown” is the stupidest @!#* I ever said!

  11. #11
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    If congress does fund it…the money comes from us. No matter how you slice it…if the people that borrowed the money don’t pay off their loans, we foot the bill. Well, the schools could pay for it since they are the ones that overcharged for worthless degrees, but don’t hold your breath on that one.

    This is no different than when my high school friend’s dad helped them finance a Yugo; it was a stupid and costly move that taught my bud valuable lessons about financing something you can’t afford to pay cash for and overpaying for worthless shit.
    It’s painful, and it sucks, but these people will be far better off in the long run if they have to pay back the loan they made in full and with Interest. Bailing them out is doing them zero favors.
    “I can’t wait ‘till I’m grown” is the stupidest @!#* I ever said!

  12. #12
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    Let's go Brandon

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  13. #13
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    Quote Originally Posted by ecu1984 View Post
    always right before the elections


    BINGO, VOTE buying

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